Landlords know that when renting their property, they should run a tenant background check on qualified applicants. Sometimes, applicants want to include a cosigner or someone who is responsible for the rent if the tenant fails to pay. You might be wondering how to handle a co-applicant for apartments? Do you screen them the same way?…
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According to our records the average renter’s credit score is 649. However, this number will be changing in the coming months and here’s why. We recently discussed why an average renter’s credit score is expected to go up 10-20 points due to changes in the three major credit bureaus. The “National Consumer Assistance Plan” is…
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If you’re searching, “How do apartments do employment verification?” this post will answer how a professional landlord or property manager verifies a tenant applicant’s employment. Some landlords prefer to make these verification calls themselves and others will hire out to include these calls in their tenant screening report. In the video below, we share with you…
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We recently reviewed 11 of the best tenant screening services on the web. Leaserunner reviews were included in that breakdown and in this post we will expand further on the service. Full disclosure, here at RentPrep we are a tenant screening service but our purpose of this lease runner review is to give you an outside perspective…
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Tenant Background and Credit Check Authorization Form In order to screen your tenant applicants, you need each applicant to sign off on a tenant background and credit check authorization form. This is what gives you the right to legally run background checks and credit checks on your applicants. Typically this signed disclosure is included in…
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Renting to college students can be highly profitable to landlords who have taken into account all the unique challenges that come with the territory. Of course, owning and operating a rental home full of student tenants can also be a big disadvantage to landlords that aren’t prepared to handle the range of problems that are…
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If your rental property is located near a college, university or trade school, consider renting to students. Setting up a lease agreement for students is different than a typical lease for families or single professionals. Create a lease that caters to a college student’s unique requirements and housing needs, yet protects you against financial loss…
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Yes, Tenants Lie on Rental Applications Lying on a rental application is nothing new. It’s been happening for years. Sometimes it’s hard to blame the tenant who’s in a tough position trying to find a rental. After all, a roof over our heads is one of the main essential needs for people. But… that doesn’t…
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We get landlords calling into our office all of the time asking us questions about rental judgments and what they mean on tenant screening reports. Basically, a judgment is the last resort for somebody who has money owed to them. The most common ones we see are filed by credit card companies, banks, and past…
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